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Trump stops short of full divestment

AFP NEW YORK (AFP-Jiji) — Donald Trump said Wednesday he had handed complete control of his business to his adult sons but stopped short of a full divestment, earning a swift rebuke from the government ethics watchdog.

Trump, the wealthiest man ever to ascend to the U.S. presidency, has until now run the Trump Organization whose network of hotels, golf clubs and luxury residences stretches across 20 countries but is not listed on the stock market, thus releasing no public statistics.

The billionaire has so far flouted recommendations that he sell off all his assets in a blind trust to avoid any suspicion of corruption or conflict of interest.

Trump still refuses to release his tax returns, claiming they are under audit, meaning relatively little is known about the extent of his interests.

“My two sons, who are right here, Don and Eric, are going to be running the company,” the president-elect told a news conference in New York. “They’re not going to discuss it with me.”Speech

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